ODDITY Tech Revises FY24 EPS Outlook From $1.49-$1.54 To $1.57-$1.62 Vs $1.51 Est.; Revenue From $620M-$630M To $626M-$635M Vs $627.08M Est.
Portfolio Pulse from Benzinga Newsdesk
ODDITY Tech has updated its FY24 financial outlook, raising EPS estimates from $1.49-$1.54 to $1.57-$1.62 and revenue forecasts from $620M-$630M to $626M-$635M. The company anticipates 23%-25% year-over-year revenue growth, a gross margin of 71.0%, and adjusted EBITDA between $139M-$143M. These adjustments reflect accelerated investments in growth initiatives, expected to impact adjusted EBITDA margin negatively in the latter half of 2024.
May 07, 2024 | 9:07 pm
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POSITIVE IMPACT
ODDITY Tech has raised its FY24 EPS and revenue outlook, indicating stronger than expected financial performance and commitment to growth, despite potential short-term EBITDA margin pressures.
The upward revision in ODDITY's financial outlook, especially in EPS and revenue, signals a positive growth trajectory and operational efficiency. However, the anticipated negative impact on EBITDA margin due to investments in growth initiatives may concern some investors. Overall, the positive adjustments in forecasts are likely to be viewed favorably in the short term, reflecting confidence in the company's growth strategy and operational execution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100